Houston is among only nine major metros with higher home values now than five years ago, a new analysis shows.

Between the second quarter of 2007 and the second quarter of 2012, the Houston area’s house price index increased 5.82 percent, according to a Business Journals’ On Numbers analysis of data from the Federal Housing Finance Agency.

That ranks the area No. 1 among the nation’s 102 major metros. Pittsburgh and Buffalo, N.Y., also increased more than 5 percent.

“These areas did not experience the rapid run-up in housing prices during the previous decade, so they avoided the subsequent bubble burst,” On Numbers said of Houston, Pittsburgh and Buffalo.

No. 4 Austin (up 3.79 percent) and No. 7 San Antonio (up 2.25 percent) are the only other Texas metro areas that have experienced increases since the onset of the recession.

Las Vegas experienced the worst decline, a drop of 59.2 percent. Fourteen other metros — all in Nevada, interior California, Arizona or Florida — have experienced declines of more than 40 percent.

Industries:

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.